Karolyn is 28 years old and still single. Karolyn works in a retail business where she sells grocery items. She sells biscuits, canned goods, and spices. Karolyn wants to help her parents financially for their daily household expenditures.
Through her income from the business, Karolyn can help her parents in a simple way. She wants to expand the items she is selling to her costumers in her village. She wants to sell items that are seldom sold in her village, but they are regularly used by the people in her village. Karolyn is requesting a loan of PHP 25,000 to buy soap, shampoo, toothpaste, and dish-washing liquid. She hopes to earn a higher income from her business and be able to extend her support to her parents.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.